Similarweb Ltd. (NYSE:SMWB) Given Average Rating of “Buy” by Brokerages

by · The Cerbat Gem

Similarweb Ltd. (NYSE:SMWB – Get Free Report) has been given a consensus recommendation of “Buy” by the ten research firms that are covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $15.75.

SMWB has been the topic of several recent research reports. The Goldman Sachs Group dropped their price objective on shares of Similarweb from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Barclays reduced their price objective on shares of Similarweb from $15.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday, May 15th.

View Our Latest Stock Analysis on SMWB

Institutional Investors Weigh In On Similarweb

A number of hedge funds have recently modified their holdings of SMWB. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Similarweb by 61.3% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,762,557 shares of the company’s stock worth $22,846,000 after buying an additional 1,050,000 shares during the period. Phoenix Financial Ltd. raised its holdings in Similarweb by 2.5% in the first quarter. Phoenix Financial Ltd. now owns 2,585,985 shares of the company’s stock valued at $21,386,000 after acquiring an additional 63,978 shares in the last quarter. Menora Mivtachim Holdings LTD. raised its holdings in Similarweb by 33.2% in the first quarter. Menora Mivtachim Holdings LTD. now owns 2,246,470 shares of the company’s stock valued at $18,578,000 after acquiring an additional 560,000 shares in the last quarter. Jennison Associates LLC raised its holdings in Similarweb by 2.9% during the first quarter. Jennison Associates LLC now owns 1,892,110 shares of the company’s stock worth $15,648,000 after purchasing an additional 53,055 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Similarweb during the fourth quarter worth approximately $22,536,000. Hedge funds and other institutional investors own 57.59% of the company’s stock.

Similarweb Stock Down 0.1%

Shares of Similarweb stock opened at $8.51 on Friday. The company has a market cap of $703.10 million, a P/E ratio of -38.68 and a beta of 1.10. Similarweb has a 52-week low of $5.71 and a 52-week high of $17.64. The firm’s 50 day moving average price is $7.64 and its 200-day moving average price is $10.22.

Similarweb (NYSE:SMWB – Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.09). The company had revenue of $67.09 million for the quarter, compared to analysts’ expectations of $66.37 million. Similarweb had a negative return on equity of 71.14% and a negative net margin of 6.97%. As a group, equities research analysts forecast that Similarweb will post -0.24 EPS for the current fiscal year.

Similarweb Company Profile

(Get Free Report

Similarweb Ltd. provides cloud-based digital intelligence solutions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally. The company offers digital research intelligence solutions for its customers to benchmark performance against competitors and market leaders, analyze trends in the market, conduct deeper research into specific companies, and analyze audience behavior; and digital marketing intelligence solutions for its customers to understand their competitors' online acquisition strategies in each marketing channel, and optimize their own strategies.

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